Executive Summary
The Global Coworking Space Market witnessed significant growth in recent years, with a temporary setback in 2020 due to the global pandemic. The surge in startups worldwide has been a key driver, attracting both emerging businesses and established corporations to adopt coworking trends. The shift towards hybrid work and the embrace of permanent remote work methods by large corporations have further fueled the demand for coworking spaces. Forecasts indicate that flexible workspaces will constitute 30% of all office real estate by 2030.
Short-Term Impact of COVID-19
The COVID-19 pandemic led to a downturn in the coworking market as global lockdowns restricted economic activities. Stringent measures resulted in the sudden closure of production facilities and a complex health emergency. The imposition of lockdowns led to a nearly 50% decrease in footfalls for coworking space operators as businesses shifted to remote work.
The increasing number of Start-ups is driving demand.
The surge in global startups, especially in developing countries, is a significant factor propelling the demand for coworking spaces. Supportive programs and policies initiated by governments, particularly in India and China, are expected to accelerate the growth of the coworking space market in the coming years. The global coworking industry is poised to grow at a CAGR of 19.9%, reaching USD 24.04 billion by 2027.
Strong Rebound Post-Pandemic
The future of coworking anticipates a robust rebound driven by heightened demand from large multinational corporations and a burgeoning millennial population keen on innovative business approaches. The coworking incubation model is evolving rapidly, benefiting companies from diverse backgrounds.
Further Key Findings
Providing an Engaging and Energetic Environment: Coworking spaces offer a dynamic work environment fostering collaboration and a sense of community, a stark contrast to the potential loneliness and monotony of remote work.
Providing Current Workstyle Trend: Coworking spaces align with the sharing economy, accommodating approximately 30% of knowledge workers untethered from traditional corporate workplaces. These spaces offer diverse work arrangements, including open tables, soft seating, cafes, and enclosed quiet spaces.
Scope of the Study
The report titled "Global Coworking Space Market Performance and Outlook to 2027–COVID-19 Impact Assessment" by Makreo Research and Consulting provides a comprehensive analysis of industry performance, encompassing past, present, and future trends. Macro-economic factors shaping the market are discussed in detail. The report offers a regional-level assessment covering North America, Europe, and the Asia-Pacific markets.
Key Questions Answered
Table of Content
1. Report Synopsis
2. Industry Overview
3. Research Methodology
3.1 Objectives of the Study
3.2 Research Process
3.3 Data Collection Methods
3.4 Analytical Framework
4. Country Overview: EPTD Analysis
4.1 EPTD Analysis: China Economic Overview
4.2 EPTD Analysis: Political Overview
4.3 EPTD Analysis: Technological Overview
4.4 EPTD Analysis: Demography Overview
5. China COVID-19 & Impact Assessment
5.1 COVID-19 Spread in China
5.2 Impact of COVID-19 on Economy
5.3 Impact of COVID-19 on the Chinese Used Car Market
6. China Trade Performance
6.1 China Trade Performance – Pre COVID-19 Scenario
6.2 China Import/Exports – Key Stats
6.3 China Trade Performance: Post Covid Scenario – Trade in 2020
6.4 China Trade Performance (Month on Month)
6.5 Imports and Exports of Goods by Major Countries and Regions
6.6 China Trade Performance: Post Covid Scenario – Trade in 2021
6.7 China Used Car Trade Performance
6.8 China Exports Market for Used Cars
7. China Automobile Market Performance
7.1 China Automobile Market – Pre-Covid Scenario
7.2 China Automobile Market – Post Covid Scenario
7.3 Automobile Production Facts– 2020
7.4 Automobile Production and Sales–2021
7.5 Comparative Analysis of Used Cars Vs. New Cars in China
8. China Used Car Market Performance and Forecast
8.1 China Used Car Market – An Overview
8.2 China Used Car Market – Key Facts
8.3 China Used Car Market Performance– Pre-Covid Scenario
8.4 China Used Car Market Performance – 2020
8.5 China Used Vehicle Demand & Trade by Type
8.6 China Used Car Sales Volume
8.7 China Used Car Market Performance – Post Covid Scenario (2021)
8.8 China Used Car Market Revenue and Future Outlook
8.9 China Used Car Market - Factors to Drive Future Demand
9. China Used Car Market Segmentation
9.1 China Used Car Market by Distribution Type – Organized Player Vs Unorganized player
9.2 China Used Car Market Segmentation by Type of Vehicle
10. China Used Car Market Dynamics
11. China Used Car Market - Macro Economic Factors
12. China Used Car Market- Mergers & Acquisitions
12.1 China Used Car Market – Mergers & Acquisitions
13. China Used Car Market- Funding Timeline
13.1 China Used Car Market – Funding Timeline
14. China Used Car Market- Company Profile
14.1 Company Profile: Autohome, Inc.
14.2 Company Profile: Renren Inc
14.3 Company Profile: Uxin Limited
14.4 Company Profile – CAR Inc.
14.5 Company Profile – Others